Alexander Novak also confirmed that the volume of natural gas supplies to China under the contract exceeds 1 trillion cubic meters within 30 years

Russian Energy Minister Alexander Novak

ST. PETERSBURG, May 23. /ITAR-TASS/. The gas price for China under the signed 30 years contract in nearly $350 per 1,000 cu. m, Russian Energy Minister Alexander Novak told the Rossiya 24 TV news channel on Friday.

“Yes, these are prices close that in the contract,” he answered to a question if media reports saying the gas price for China amounts to $350 are true.

The minister also confirmed that the volume of natural gas supplies to China under the contract exceeds 1 trillion cubic meters within 30 years.

“Gazprom representatives said that the price of deliveries is a commercial secret. In my estimates, it will stand at about $350,” Ulyukayev said in an interview with Bloomberg TV. The price is lower than the average gas price for the EU.